“Sharp Corp’s plan to sell its Nanjing plant in China to Taiwan’s Hon Hai Precision Industry Co Ltd has been frozen and may not materialise, a source familiar with the matter said on Thursday,” Reuters reports.

“Sharp, which supplies screens to Apple Inc for its latest iPhone, considers selling its Mexican plant to Hon Hai to be more important,” Reuters reports, “and talks to sell the Nanjing plant, which assembles large-size liquid crystal display TVs, may take time, said the source, who was not authorised to speak to the media.”

Reuters reports, “Earlier this month, Sharp struck a deal with Qualcomm Inc for the U.S. chipmaker to invest as much as $120 million to help the Japanese firm stay afloat, and to jointly develop new power-saving screens.”